Run Effects of the Short-Run Stabilization Policies in Ukraine

• Autorzy: Juliia Poliakova , Solomiya Sokurenko
• Języki publikacji: EN

Abstrakty

EN

Based on the quarterly data for the period of 2002-2021, short- and long-term output effects of stabilization policies in Ukraine are estimated. Our main results are as follows: (i) domestic currency appreciation is expansionary regardless of the time horizon, (ii) government expenditures are expansionary in the short run, with an opposite effect in the long run, (iii) monetary policy tightening is contractionary in the long run, (iv) liberalization of economy is expansionary in the long run. Also, about 80% of deviation from the long-run relationship is corrected in the short run.(original abstract)

Z wykorzystaniem danych kwartalnych z okresu lat 2002-2021, oszacowania przy pomocy estymatora wskazują, że w czasie recesji korzystne krótkookresowe zwiększenie dochodu można otrzymać w razie zwiększenia przychodów budżetowych oraz aprecjacji kursu walutowego. Jednak w długim okresie czasu większe wydatki rządowe oraz zacieśnienie polityki monetarnej powodują spadek dochodu. Liberalizacja środowiska ekonomicznego, jak to przedstawia wskaźnik Index of Economic Freedom od amerykańskiej Fundacji Heritage, jest korzystna dla wzrostu gospodarczego w długim okresie czasu. Wreszcie, około 80% odchyleń od relacji w długim okresie są skorygowane w krótkim okresie. (abstrakt oryginalny)

Słowa kluczowe

EN

Exchange rates; Stabilisation policy; Appreciation; Budget expenditures

PL

Kurs walutowy; Polityka stabilizacyjna; Aprecjacja; Wydatki budżetowe

• Czasopismo: Metody Ilościowe w Badaniach Ekonomicznych / Szkoła Główna Gospodarstwa Wiejskiego
• Rocznik: 2022
• Tom: 23(XXIII)
• Numer: nr 4
• Strony: 99--108

Twórcy

autor

Juliia Poliakova

• Lviv University of Trade and Economics (Ukraine)

autor

Solomiya Sokurenko

• Lviv University of Trade and Economics (Ukraine)

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Identyfikatory

DOI

https://doi.org/10.22630/MIBE.2022.23.4.10